B. Riley Financial (NASDAQ:RILY) Stock Price Down 2.9%

B. Riley Financial, Inc. (NASDAQ:RILY) shares dropped 2.9% during mid-day trading on Monday . The company traded as low as $20.33 and last traded at $20.65. Approximately 99,740 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 1,311,838 shares. The stock had previously closed at $21.27.

B. Riley Financial Stock Performance

The company has a current ratio of 4.95, a quick ratio of 4.62 and a debt-to-equity ratio of 13.51. The stock has a fifty day moving average price of $19.80 and a 200-day moving average price of $24.40. The firm has a market capitalization of $639.73 million, a price-to-earnings ratio of -7.50 and a beta of 1.56.

B. Riley Financial (NASDAQ:RILY) last issued its earnings results on Thursday, February 29th. The asset manager reported ($1.86) earnings per share (EPS) for the quarter. B. Riley Financial had a negative return on equity of 8.29% and a negative net margin of 4.75%. The company had revenue of $346.51 million during the quarter.

B. Riley Financial Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were issued a $0.50 dividend. The ex-dividend date was Friday, March 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 9.56%. B. Riley Financial’s payout ratio is presently -71.68%.

Institutional Investors Weigh In On B. Riley Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in B. Riley Financial by 0.8% during the 3rd quarter. BlackRock Inc. now owns 2,651,003 shares of the asset manager’s stock valued at $118,023,000 after purchasing an additional 21,206 shares in the last quarter. Vanguard Group Inc. increased its holdings in B. Riley Financial by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 1,246,969 shares of the asset manager’s stock valued at $26,174,000 after purchasing an additional 54,850 shares in the last quarter. Punch & Associates Investment Management Inc. increased its holdings in B. Riley Financial by 15.5% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 776,020 shares of the asset manager’s stock valued at $31,809,000 after purchasing an additional 104,344 shares in the last quarter. FMR LLC increased its holdings in B. Riley Financial by 51,501.0% during the 3rd quarter. FMR LLC now owns 703,837 shares of the asset manager’s stock valued at $28,850,000 after purchasing an additional 702,473 shares in the last quarter. Finally, State Street Corp increased its holdings in B. Riley Financial by 4.5% during the 1st quarter. State Street Corp now owns 701,725 shares of the asset manager’s stock valued at $19,922,000 after purchasing an additional 30,121 shares in the last quarter. 50.20% of the stock is owned by institutional investors and hedge funds.

B. Riley Financial Company Profile

B. Riley Financial, Inc, through its subsidiaries, provides financial services to corporate, institutional, and high net worth clients in North America, Australia, and Europe. The company operates through six segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer.